The IPO market is red-hot. Anyone who has worked on Wall Street knows that investment banks and investors love a hot IPO. While listening to my favorite financial media outlets today, I overheard the anchors discussing the big returns IPOs are making for investors year-to-date. The problem that seems to come from an oversubscribed IPO market is usually what comes after: losses. When the media starts discussing a 'hot' market, investors should start to become cautious. One way investors are participating in this hot market is through the Renaissance IPO ETF (IPO). This